Fibonacci Retracements Analysis
Fibonacci retracements are actively used by traders, when they study how impulses are formed and try to find levels of possible trend corrections. Fluctuations in the prices of certain assets often repeat the Fibonacci sequence. As a result, they may have some additional information on possible direction of the currency market movement in the future.
Fibonacci analysis is a popular and useful tool for a trader, it works well for both long and short timeframes. This page presents Fibonacci analysis from RoboForex experts that will help you invest more wisely. To make trading even more efficient, combine Fibonacci analysis with other technical analysis tools such as Ichimoku indicators and Japanese candlesticks.
08.04.2019
Fibonacci Retracements Analysis 08.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, after reaching the retracement of 38.2%, XAUUSD is forming a new mid-term correction.
04.04.2019
Fibonacci Retracements Analysis 04.04.2019 (AUDUSD, USDCAD)
As we can see in the H4 chart, the correction continues; it has already reached the retracement of 50.0%.
03.04.2019
Fibonacci Retracements Analysis 03.04.2019 (GBPUSD, EURJPY)
As we can see in the H4 chart, after reaching the retracement of 38.2%, GBPUSD is forming another ascending impulse to reach the resistance line.
02.04.2019
Fibonacci Retracements Analysis 02.04.2019 (EURUSD, USDJPY)
As we can see in the H4 chart, EURUSD is forming a new descending wave, which is getting closer to the low at 1.1176.
01.04.2019
Fibonacci Retracements Analysis 01.04.2019 (GOLD, USDCHF)
As we can see in the H4 chart, XAUUSD is forming another descending impulse.
27.03.2019
Fibo Analysis: GBPUSD and EURJPY, 27/03/2019
On H4, the GBPUSD is still correcting after testing 50% Fibo, or $1.3386.
26.03.2019
EURUSD and USDJPY: Fibo Analysis, 26/03/2019
On H4, the EURUSD reached 38.20% Fibo after a midterm downtrend.